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The Sunland company has the following production possibilities: Food (pounds for less) Sunscreen (gallons per month) 300 0 200 50 100 100 0 150 Sketch
The Sunland company has the following production possibilities:
Food (pounds for less) | Sunscreen (gallons per month) |
300 | 0 |
200 | 50 |
100 | 100 |
0 | 150 |
Sketch the graph of the Production Possibility Frontier. What is the firm's opportunity cost of producing 1 pound of food? What is the firm's opportunity cost of producing 1 gallon of sunscreen?
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